Tian An Australia Limited · ASX:TIA
Tian An Australia — H1 FY2017 Earnings Presentation
11 slides from Tian An Australia's earnings presentation, Feb 24, 2017
Slide 1: December 2016 Results
For personal use only December 2016 Results For the six months ended 31 December 2016
Slide 2: Disclaimer
Disclaimer For personal use only The material in this presentation has been prepared by Tian An Australia Limited ACN 009 134 114 (TIA) and is general background information about TIA’s activities current as at the date of this presentation. This information is given in summary form and does not pur
Slide 3: Contents
Contents For personal use only 1. Overview 2. Financial Results 3. Project Summary 4. Project Updates The Milton Burwood Square 3
Slide 4: Overview
Overview For personal use only Statutory profit of $8.0 million reflects realising Burwood Square and SeaSpray. Strong cash reserves with in excess of $47.3 million available. Financial Nil debt outstanding. AUD $22 million financing facility with AP Finance Limited undrawn. Acquired a com
Slide 5: Financial Results: Profit and Loss
Financial Results: Profit and Loss For personal use only 6 months to Dec FY16 Change Summarised Profit and Loss 2016 6 months to December 2016 Commentary ($M) ($M) ($M) Underlying Profit / (Loss) after Tax 8.0 6.8 1.2 Settlements at SeaSpray and Burwood Square Financing cost - (1.1) 1.1 HK$ denomina
Slide 6: Financial Results: Balance Sheet
Financial Results: Balance Sheet For personal use only December 2016 June 2016 Summarised Balance Sheet December 2016 Commentary ($M) ($M) Assets East Coast projects 15.1 37.7 Settlements at Burwood Square, The Milton and SeaSpray West Coast projects 55.1 55.1 No change Other assets 54.7 31.3 Cash a
Slide 7: Project Updates
Project Updates For personal use only Burwood Square 7
Slide 8: East Coast Project Summary
East Coast Project Summary For personal use only TIA’s interest / Carrying Value Total Project Gross Construction Nature of (GST exclusive) Residential Settled Remaining Key variables (Partner) ($M) Completion interest ($M) Units / Lots Burwood Square 48%1 211.4 0.0 210 210 - Nil Complete (B1 Group)
Slide 9: Burwood Square, The Milton and SeaSpray
Burwood SeaSpray The Milton Square For personal use only • TIA interest: 50% • TIA interest: 100% • 295 apartments (99% sold / 99% • TIA interest: 48% • 247 lot residential subdivision (98% sold settled) • 210 apartments / 76% settled) • 2,270 sqm retail & commercial • 7,455 sqm retail & commercial
Slide 10: West Coast Project Summary
West Coast Project Summary For personal use only Carrying Value Project TIA’s interest / Total Residential Construction (GST exclusive) Settled Remaining Key variables (Partner) Nature of interest Units / Lots Completion ($M) Not commenced with Point Grey 100% 48.2 3,080 N/A N/A N/A Development Appr
Slide 11: Point Grey and Oceanique
Point Grey Oceanique For personal use only • TIA interest: 100% • TIA interest: 100% • 3,080 lots • 66 luxury apartments (94% sold / 94% settled) • Size: 275 hectares • Completed in July 2010 • Status: Approved subdivision and marina • Available apartments: 4 11